Final answer:
The approach to ethical behavior that is guided by respect for fairness and equity is the integrity approach.
Step-by-step explanation:
The statement is True. The approach to ethical behavior that is guided by respect for fairness and equity is indeed the integrity approach. The integrity approach emphasizes the importance of being honest, transparent, and consistent in one's actions and decisions. It involves striving to do what is morally right and just, treating others with fairness and equality. For example, in a business setting, the integrity approach would mean ensuring fair and equal treatment of all employees, regardless of their race, gender, or background.